Wall Street drifted following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking.
The S&P 500 closed just barely lower Tuesday after flipping between small gains and losses through the day. The Dow added 13 points, and the Nasdaq composite fell 0.3%. Treasury yields rose in the bond market after a report showed shoppers spent more at U.S. retailers last month than expected. That’s a sign of a healthy economy, but it may also indicate upward pressure on inflation and could push the Federal Reserve to keep interest rates high.Stock market today: Wall Street drifts after a strong retail sales reportThe Dow Jones Industrial Average rose 13.11 points, or less than 0.1%, to 33,997.65.The S&P 500 is up 45.42 points, or 1%.
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Source: AP - 🏆 728. / 51 Read more »